RP detects Rs 2,155 cr fraudulent transaction in Future Retail
In a significant development, the Resolution Professional (RP) of Future Retail Limited (FRL) has filed an application before the National...
Crypto lender Celsius Network cleared to exit bankruptcy
Celsius Network, a crypto lender, has received approval from a US bankruptcy court for a restructuring plan that will return...
Challenges and way forward for real estate insolvencies in India
Anchal Jindal, an insolvency expert, discusses the challenges of and way forward for real estate insolvencies in the country. Real...
Know more about Chapter 11 bankruptcy in America
Chapter 11 bankruptcy is a type of bankruptcy that allows businesses and individuals to reorganize their debts and stay in...
WeWork files for Chapter 11 bankruptcy protection in US; India operations unaffected, says CEO Virwani
On 7 November 2023, WeWork filed for Chapter 11 bankruptcy protection in the United States. This came after years of...
Homebuyers may get possession of flats/plots during insolvency process of real estate firm
The Insolvency and Bankruptcy Board of India (IBBI) has proposed an array of changes to make corporate insolvency resolution process...
Jaiprakash Associates defaults on payment of Rs 4,258 crore loan
Jaiprakash Associates Ltd (JAL), the flagship company of the crisis-hit Jaypee Group, has defaulted on loans amounting to Rs 4,258...
Delinquency in small-ticket personal loans grows by 120 bps in June quarter: TransUnion Cibil
India’s retail credit market continued to show sustained growth during Q2 2023, with consumption-led demand driving the need for credit....
Right of payment to dissenting FCs holding security interest
The cases of: (a) Small Industries Development Bank of India v. Vivek Raheja & Others (Vivek Raheja); (b) Union Bank...
NCLT rejects insolvency petition against Dilip Buildcon
The Indore Bench of the National Company Law Tribunal (NCLT) has rejected an insolvency application filed against Bhopal-based EPC firm...